Copper Fox Provides Analytical Results from 2025 Drilling Program at Schaft Creek

The news release dated January 26, 2026, provides analytical results from the 2025 diamond drilling program at the Schaft Creek copper-gold-molybdenum-silver project in British Columbia. The five-hole program, designed to test the area south of the Liard zone for mineralization, appears to have expanded the deposit's footprint by up to 500 meters. Reported intervals are long, with notable examples including 215.5 meters of 0.283% Cu, 0.04 g/t Au, 0.005% Mo, and 0.80 g/t Ag in hole SCK-25-478, which also contained a higher-grade gold interval of 67.27 meters averaging 1.814 g/t Au and 0.286% Cu. The company states these results are being incorporated into the project database to assess their impact on the overall development plan. The release also notes a C$15.8 million 2025 program budget and that a 2026 work program is pending joint venture approval.

The news is materially positive. It successfully delivers on the objective of the 2025 drilling program, confirming and extending mineralization into a previously untested area designated for critical infrastructure (rock storage facility). Converting potential waste rock to mineralized material could improve project economics by reducing strip ratio and adding resource ounces. The results de-risk a portion of the project layout and provide fresh data for the anticipated transition to a Prefeasibility Study (PFS) in 2026. However, the impact is incremental rather than transformative. The reported copper grades are moderate (typically 0.2-0.3% Cu), and true widths are unknown. The news does not radically alter the project's scale or near-term valuation but represents steady, positive technical progress.

Copper Fox Metals Inc. is a Canadian junior resource company focused on copper exploration and development in North America. Its principal asset is a 25% carried interest in the Schaft Creek copper-gold-molybdenum-silver project in northwestern British Columbia, a world-class undeveloped porphyry deposit. The project is operated by Teck Resources Limited (75%), which is in the process of merging with Anglo American to form Anglo Teck. The company also holds a portfolio of 100%-owned exploration and development projects in Arizona: the advanced-stage Van Dyke in-situ copper recovery (ISCR) project, and the earlier-stage Mineral Mountain and Sombrero Butte porphyry copper exploration projects. Additionally, it owns the Eaglehead polymetallic porphyry copper project in British Columbia.